No one is going to do anything about any of this. Adapt and learn to live with it.
Weeee!…
The guy behind me bought his 15 acres at an auction a few months ago. He’s a logger so I gave him my number to see if he wanted to sell after he logged it. That’s how I got 20 of my acres here. I paid $2k per acre for some nice land with a couple of streams and a perfect spot for a new home.
But this guy seemed to really pay a lot for those 15 acres. I figured I could get it for $1-1.5k per acre because none of it is buildable (not enough flat area). Well, he called me a week ago and as interested in selling with the caveat that he would come in and log specific trees in about a year. I told him I was interested. He said he’d shoot me a price, which he did yesterday.
He wants $5k per acre. I politely declined.
That babbling old fool needs to go to prison.
Biden and Congress are litterally destroying the US.
History doesn’t repeat, but it does rhyme.
We aren’t going to see a perfect repeat of 2007 and the mortgage collapse and the recession that followed. But, one way or another, I think we will see a huge collapse. I’m sure some folks grasp the essentials already and are positioned to make money off it (as in “The Big Short” movie) but I’m just trying to sit tight and avoid vulnerabilities while I wait for a tsunami to show up somewhere.
Remember when everyone was screaming the housing prices where unsustainable, way too high, etc.? That’s all coming back down to earth now, which is great news. That’s how inflation gets reduced and interest rates can start coming down sometime later this year without pushing inflation up.
The Black Swan is energy. It can still upset the apple cart due to lack of excess capacity to produce enough oil/gas to keep prices from taking off again. Demand is expected to rise by 5.3mm barrels a day this year and production will have to rise that much to keep prices where they are. I don’t see how production can be raised that fast given the lack of investment required before production can happen.
Also, the number of newly listed homes coming down is a sign that homeowners aren’t pressed to sell, they are happy to wait for the next expansion.
I’ll be looking to buy everything in sight if I see for sale signs everywhere I go. But that’s not happening.
Who posts this crap? Is it Anthony YoY Sanders posting his own blog? The Fed’s monetary policy is not a noose. They have been overly generous with interest rates for over a decade and it makes sense to improve the returns on savings of people who have been stashing their money for future needs. Why do we want the Fed to keep rates zero for savers and effectively negative for banks and corporations?